Gold sell-off fails to dent investor enthusiasm

Financial Times/Henry Sanderson

“Gold’s lacklustre performance this week appeared to diminish the metal’s ‘safe haven’ status, as it declined for the second week in a row amid a global stock market sell-off due to coronavirus. But investors are still flocking to the precious metal in the hope of a rebound and protection against an even worse fall in other assets, from stocks to currencies and bonds.”

USAGOLD note:  Sanderson reports of a development we are experiencing first-hand at USAGOLD.  The fact of the matter is that the very strong physical demand for gold and silver argues for its ‘safe-haven status.’

Repost from 3-22-2020

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